The quickest way to get trapped is buying where smart money takes profit.
$SPORTFUN USDT is up 16%, but let's review the multi-timeframe data before you act.
The 1D chart shows a textbook bounce off 0.0296 support. Bullish. But zoom into the 4H and 1H, and the risk increases. The 4H RSI is scorching hot at 86, and price is slamming directly into the 99 EMA resistance near 0.036.
Notice the Long/Short ratio: an extreme 75% of traders are long right at resistance. When the crowd leans this heavily to one side, a pullback to reset indicators is highly probable.
Patience pays here. Wait for a clean breakout above 0.036 or a retest of lower support.
Are you taking profits at this resistance or holding for higher targets? Let's discuss below.
SPORTFUNUSDT
Perp
0.03277
-5.48%